Paradigm Financial Partners LLC Sells 1,900 Shares of Marathon Petroleum Co. (NYSE:MPC)

Paradigm Financial Partners LLC lessened its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,541 shares of the oil and gas company’s stock after selling 1,900 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Marathon Petroleum were worth $1,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MPC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $32,000. Pittenger & Anderson Inc. acquired a new stake in Marathon Petroleum during the 4th quarter valued at $36,000. Tennessee Valley Asset Management Partners acquired a new stake in Marathon Petroleum during the 4th quarter valued at $40,000. Finally, Peoples Bank KS acquired a new stake in Marathon Petroleum during the 3rd quarter valued at $44,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.6 %

Shares of Marathon Petroleum stock traded down $1.12 during trading on Friday, reaching $198.39. 1,954,070 shares of the company were exchanged, compared to its average volume of 2,218,313. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The business has a 50-day moving average price of $192.39 and a 200-day moving average price of $166.94. The firm has a market capitalization of $71.49 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.61 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. During the same period in the previous year, the firm earned $6.65 earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. Sell-side analysts anticipate that Marathon Petroleum Co. will post 20.49 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.66%. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America raised their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. TD Cowen raised their price target on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Mizuho raised their price target on Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Piper Sandler raised their price target on Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price target on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.